Japan's core machinery orders fell a seasonally adjusted 8.8 percent in April from the previous month to JPY 723.3 billion (USD 7.5 billion) for the first decline in three months, as manufacturers were reluctant to make fresh capital investment after sharp growth in March the government said Wednesday. The drop, which followed a 14.2 percent jump in March, was the largest month-on-month fall since January 2009 amid the global recession triggered by the 2008 Lehman Brothers collapse, according to data released by the Cabinet Office. Core private-sector orders, which exclude volatile demand from electric utilities and for ships, are considered a key indicator of corporate capital spending in the next three to six months. By industry, orders by manufacturers plunged 7.3 percent month-on-month in April, while those from non-manufacturers went down 6.0 percent. Overseas demand, an indicator of future Japanese exports, lost 19.9 percent. Despite worsening data, the Cabinet Office maintained its basic assessment for four months in a row, saying, "The machinery orders have been showing signs of moderately picking up."
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor